Beat the Economic Crisis: 5 “Safe” Careers

Dawn Papandrea | October 15, 2008

If you’re entering the job market anytime soon, you have reason to be concerned. Despite statistics from the National Association of Colleges and Employers (NACE) saying that hiring is up, we’re now facing a major economic recession.

The outlook isn’t totally bleak, though. Play your cards right whether you’re in college or considering a career change, and you could be sitting pretty at the top of the “just-hired” pack. What are the most recession-proof fields of study? Not surprisingly, they’re the ones that have historically been the most popular.

>>Business administration/management
With such widely applicable skills, there’s no doubt that business majors are always in demand. In fact, NACE continually reports that business is one of the top five most in-demand college majors. Business majors may pursue a career as a financial manager, public relations specialist, real estate manager, or more.

>>Computer science
Computers run the world, and those who know computers can rule the world. Technology is constantly evolving, and we’re in a race to keep up with the changes. Whether you parlay your computer science degree into a career as a software engineer, systems analyst, programmer, or more, you’ll find that an IT emphasis in college will prepare you for a variety of in-demand, 21st-century jobs.

There is always a need for teachers, especially at the elementary and secondary levels, when school attendance is required. And experts are predicting that we will need more than two million new teachers in the next decade. Increase your odds of employment by double majoring or minoring in science, math, or a foreign language, all subject areas in desperate need of qualified teachers.

It may seem counterintuitive, but majoring in finance is a smart move in trying economic times. After all, we need the help of trained financial advisors now more than ever. Another factor contributing to the rise of financial planning is the unbelievable number of baby boomers reaching retirement age. With a long-lasting aging population, finance majors have become a hot commodity.

Nursing is a smart field to enter at any time. According to the American Association of Colleges of Nursing, the shortage of registered nurses in the U.S. could reach as high as 500,000 by 2025. If you pick this career path, you’ll have peace of mind knowing that you’ll always be able to find a job, no matter what the economic situation.

Weigh in: Will you choose your next career with economic fluctuations in mind?

-Robyn Tellefsen

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